Family Tax Benefit (B)
For one child aged under 5 years
Comparisons*
| Old | New | |
|---|---|---|
| Maximum rate of Family Tax Benefit, Part B | Per annum | Per annum |
| Age of youngest child | ||
| Under 5 years | $2,920.00 | $2,920.00 |
| 5 – 15 years (or 16 – 18 if full time student) | $2,036.70 | $2,036.70 |
| Income Test** | ||
| Maximum rate payment when income of secondary earner is less than | $1,825.00 | $4,000.00 |
| Taper rate | 30% | 20% |
| Cut out income for receipt of FTB (B) by secondary earner | ||
| If youngest child is aged under 5 years | $11,559.00 | $18,600.00 |
| If youngest child is aged between 5 and 18 years | $8,614.00 | $14,183.50 |
* These figures do not include indexation increases that will apply from July 2004.
** No income test on primary earner